Global Trade Alert
Global Trade Alert

Pakistan: Package for agricultural economy announced in response to the COVID-19 pandemic

Announcement

13 May 2020

Pakistan has approved several subsidies and interest reductions on loans to support the agricultural economy.

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

13 May 2020

Revocation date:

15 May 2021

Updated: 13 May 2020
Local content incentive
On 13 May 2020, the Economic Coordination Committee of Pakistan approved, as part of a stimulus package for agriculture, a subsidy on the sales tax of locally manufactured tractors for a period of 1 y...
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Implementation date

13 May 2020

Revocation date:

No revocation date

Updated: 13 May 2020
Interest payment subsidy In force
On 13 May 2020, the Economic Coordination Committee of Pakistan as part of a stimulus package for agriculture approved an interest loan reduction for farmers with a total cost of Rs. 8.8 billion (~USD...
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Updated: 13 May 2020
Production subsidy In force
On 13 May 2020, the Economic Coordination Committee of Pakistan approved an agricultural package worth Rs. 56.6 billion (~ USD 352 million). The package includes a subsidy of Rs. 37 billion (~USD 23 m...
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